Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/331588 
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Title: 

Makers and Takers: The Economics of the Kalshi Prediction Market

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Year of Publication: 
2025
Series/Report no.: 
CESifo Working Paper No. 12122
Publisher: 
Munich Society for the Promotion of Economic Research - CESifo GmbH, Munich
Subjects: 
prediction markets
Kalshi
favorite-longshot bias
market microstructure
bid-ask spreads
JEL: 
G14
G23
G40
Document Type: 
Working Paper
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The document was removed on behalf of the author(s)/ the editor(s) on: March 20, 2026


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